CONVERGE19 is in its 4th year of bringing together the world’s leading companies for 2 days of dynamic speakers, thought-provoking breakout sessions, and opportunities to connect with like-minded professionals. You will leave the conference with new resources and best practices allowing you to continue the hard work of driving ethics to the center of your business. In today’s episode I visit Stephen Martin, Partner, StoneTurnabout his presentation, The Board’s Perspective – What Can’t be Measured, Can’t be Managed .
Good questions from the board, whose involvement is critical to compliance success, can indicate that the board is committed and engaged with ethics. In this presentation, Martin will share his perspective as a board member to discuss:
– Techniques to help facilitate an effective and open dialogue between you and the board
– Common questions that board members will ask about your program
– How to compile critical compliance program data to accurately benchmark
For more information on Converge19, click here.
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We recorded a special episode of Great Women in Compliance this week. A roundtable session was held at the Gaylord Resort and Convention Center at National Harbor – right from the SCCE CEI. This year’s conference attracted nearly 1900 attendees and was packed full of interesting sessions from substantive topics to soft skills to motivational and inspirational, which we hope our session “Starting the Great Women in Compliance Podcast. How an Idea from the SCCE 2018 CEI Evolved into a Podcast and What We Learned” was for some of the attendees.
Podcast hosts Lisa Fine and Mary Shirley were joined for this episode by two popular and prominent Great Women in Compliance, Amii Barnard-Bahn and Ellen Hunt to share insights, observations and learnings from this year’s conference. We talked about a few of the sessions of the conference and the key takeaways from each, top tips for networking specifically at conferences to make the most of the in person experience, developments in relation to women on boards and overall highlights from attending the conference.
Lisa and Mary would like to extend sincere gratitude to the folks that introduced themselves at the conference, supported our session, podcast and supplied us with feedback. It was a wonderful experience meeting so many of our LinkedIn connections including several Great Women in Compliance in person and we very much look forward to seeing you all again next year.
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PwC Spanked Edition
Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. In this episode, Matt Kelly and I go into the weeds to explore the recent SEC enforcement action against PwC and its partner Brandon Sprankle for violating audit firm independence rules, including PwC implementing a GRC software system for one of its audit clients.
Some of the highlights include:
- What was the conduct which led to the $8.9MM fine against PwC?
- Why do audit firm independence rules exist?
- Why ethical norms did PwC partner Brandon Sprankle violate?
- Should an audit partner who engages in material misrepresentations be trusted to perform an audit?
- What internal controls at PwC were violated by Sprankle’s actions?
- What does a CCO need to pay attention to audit firm independence rules?
For additional reading see the following:
Matt’s blog post, SEC Dings PwC on GRC Deal, on Radical Compliance.
For more information on Converge19, click here.
CONVERGE19 is in its 4th year of bringing together the world’s leading companies for 2 days of dynamic speakers, thought-provoking breakout sessions, and opportunities to connect with like-minded professionals. You will leave the conference with new resources and best practices allowing you to continue the hard work of driving ethics to the center of your business. In today’s episode I visit with Michael Rasmussen, GRC Research Analyst & Punditabout his presentation, The Board’s Perspective – What Can’t be Measured, Can’t be Managed.
The greatest challenge for Ethics and Compliance is keeping up with change, and then keeping all that change in sync. In this session, Rasmussen provides a SWOT Analysis of the CECO role as a powerful technique for identifying strengths and weaknesses, and for examining the opportunities and threats a CECO faces in managing and maintaining organization integrity. A SWOT analysis can help a CECO develop his or her career in a way that takes the best advantage of one’s talents, abilities, and opportunities.
For more information on Converge19, click here.
Host Tom Fox attended Podfest Expo in March and came away thinking that it was the best conference he had ever attended. He is excited about chatting with this week’s guest on the Innovation In Compliance Podcast, Chris Krimitsos. Chris is the CEO of CK Productions and the organizer of Podfest Expo. They discuss the history of Podfest, the incredible sense of community at the event and what’s coming up for Podfest 2020.
The History of Podfest
Chris describes how Podfest evolved from his local business network into the large event it is today. He noticed that many podcasters needed support so he created the event to provide the education and support they needed. People come to conferences for the camaraderie and social experience more than the education, he points out. As such, he wanted to ensure that attendees felt comfortable and a part of the tribe when they came to Podfest.
Creating a Sense of Community
Tom says that he felt that every component of Podfest was designed especially for him. He asks Chris how he was able to create that sense of community at the event. Chris responds that they thought about the common fears that an attendee might have then made direct efforts to alleviate them. They designed Podfest to be an event that speaks to the individual, where you can feel comfortable and integrate. He describes a few of those efforts; for instance, you may hesitate to visit the trade show booths because you think the exhibitors are going to be “salesy”. Podfest solves this problem by asking exhibitors to provide one question they want you to ask them. This question is displayed on the table so when you ask, you have an engaging and informative conversation with the exhibitors.
Podfest also thinks about making the experience better for their vendors. Last year they complained that there was so much traffic they could not even take a break. So this year, Chris and his team introduced a vendor concierge, who would man the booth if a vendor needed to step away for a bit.
Pay it Forward
Another aspect of Podfest that makes it a unique community is the Pay it Forward scholarship program. Chris describes how the program started and evolved: this year they were able to offer 100 free tickets. Both Tom and Chris talk about the impact this program has had. This year they sponsored an entire high school class. The students all came up to Chris to thank him for the incredible experience.
Podfest 2020
Podfest 2020 will take place on March 6-8 at Marriott World Resort in Orlando. It will be two conferences in one: Podfest and Vidfest, where you can YouTube. You can access one or both conferences depending on your ticket. If you want to be an audio influencer – and Chris says that now is the best time to get started – Podfest will give you the tools you need to succeed.
Resources
Podfest Expo
In today’s edition of Daily Compliance News:
- Nissan is still a mess. (WSJ)
- NCAA says it will go after Kansas. (Yahoo Sports)
- SEC settles charges against PwC. (MarketWatch)
- TechnipFMC settles SEC charges for $5MM. (FCPA Blog)
CONVERGE19 is in its 4th year of bringing together the world’s leading companies for 2 days of dynamic speakers, thought-provoking breakout sessions, and opportunities to connect with like-minded professionals. You will leave the conference with new resources and best practices allowing you to continue the hard work of driving ethics to the center of your business. In today’s episode I visit with Jacki Cheslow, Director, Business Ethics & Compliance, Avis who together with Terry Stringer, Head Ethics and Compliance Center of Excellence, HP will present at Converge19 the session, Instilling Trust in a Decentralized Culture.
Do your employees feel safe speaking up? Do your employees believe that the company is not only listening but that their concerns are being taken seriously? Do they feel that sense of “organizational justice” that is so important to instilling trust and maintaining an ethical culture? Hear from two ethics & compliance experts as they share how they have instilled trust in their ethics & compliance programs by building a compliance leader network, increasing transparency into their program, and driving creativity and innovation into how the ethics & compliance program connects with employees.
For more information on Converge19, click here
In today’s edition of Daily Compliance News:
· Uber redux, as BOD members want to remove WeWork CEO? (WSJ)
· Have I told you how humble I am? (FT)
· HUD Secretary Ben Carson gives talk in SF. What could go wrong? (Washington Post)
· Spirit or Led Zeppelin? Which band wrote “Stairway to Heaven”? (NYT)
In this episode I visit with Shon Ramey, General Counsel at Navex Global. We discuss Navex’s recent acquisition of Lockpath. In addition to his discussion on how Lockpath fits into the strategic plan of Navex Global, Ramey discusses his approach to mergers and acquisitions. Highlights from the podcast include:
- Why did Navex Global see this acquisition of Lockpath as an opportunity?
- How does this acquisition provide Navex Global with a more holistic approach to GRC solutions?
- Cyber security and data breaches have become an important part of M&A pre-acquisition Due Diligence. Can you outline your approach to these issues?
- Why is it important to have a defined acquisition procedure, which details an acquisition from pre-contact of a target through full integration in place?
- As the top lawyer for an ethics and compliance software and risk management, you must be hyper-aware of the myriad threats facing companies these days. What, in your experience, are some of the threats most overlooked by businesses?
For additional information, see Navex Global Press Release announcing the sale.
See article by Phillip Bantz in Corporate Counsel entitled “NAVEX Global General Counsel Discusses M&A Due Diligence”.
